The following provisions apply if proposals made by the Welsh Ministers under section 44 are agreed, with or without modifications, by all the secured creditors of the registered social landlord.
Once agreed the proposals are binding on the Welsh Ministers, the landlord, all the landlord's creditors (whether secured or unsecured) and any liquidator, administrator, administrative receiver or receiver appointed in respect of the landlord or its land.
The Relevant Authority shall serve a copy of the agreed proposals on—
the landlord and its officers,
the secured creditors of the landlord, and
any liquidator, administrator, administrative receiver or receiver appointed in respect of the landlord or its land, and
where the landlord is a registered society or registered charity, the Financial Conduct Authority or the Charity Commission , as the case may be;
and it shall make such arrangements as it considers appropriate to see that the members, tenants and unsecured creditors of the landlord are informed of the proposals.